Open buy · week 6 · +10.6%
Itaúsa gives back 5.4% after its record as the run of higher lows breaks
Our view last week
Itaúsa surged 11.2% and set a new all-time high in the 16.6 area, confirmed by the weekly close: a week ago it was the 90-day high that gave way, this time it is the record itself. The weekly RSI is above 70 and the ADX has been rising for 5 weeks. Technical analysis on Itaúsa stock still reads bullish, and it stays among our weekly buy signals, up 16.9% since the start; for swing trading, the catch is a push that fades right at the highs.
This week's summary
A week after its all-time high, Itaúsa gave back 5.4%, and on the daily chart the run of higher lows that began in late September has broken. Itaúsa stock still trades above its 50-week average, with the ADX rising for 6 weeks and money flow still positive: the technical analysis reads a pause inside an uptrend, with the trade up 10.6% since the start. For swing trading, the tight band between the 15.4 and 15.5 areas is the one to watch.
Open BUY
·6th week from start
·Rest of the World stocks
·T1
·📅 Earnings · Nov 9
★ See Gold version →
IQS Phase
72
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#22 / 25
Rest of the World stocks in progress
Trade P&L %
+10.61%
from signal to date, no stop loss
Itausa (ITSA4) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 22nd among the 25 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly +1.44% · monthly -0.73%
ITSA4 belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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